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> The issue is it wasn't pension money. It was VC money... You're going to shit yourself when you learn who some of the LPs are.
by dehrmann 4y ago
> The issue is it wasn't pension money. It was VC money...
You're going to shit yourself when you learn who some of the LPs are.
- iancmceachern 4y agoWhat is an LP?
- ekidd 4y ago"Limited partner", someone who invests in a partnership without having day-to-day management control (IIRC). In the case of VCs, many of the limited partners are pension funds or other giant players who want to invest a small fraction of their assets in higher-risk, higher return securities. (The LPs probably have other assets invested in lower-risk, lower-return assets.)